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A vacation can be quite a high expenditure, yet may be a necessary break for you and your family. As vacations are typically considered a luxury expense, it means that you have to bear all the costs for your vacation with no help or breaks from Uncle Sam. However, with proper tax planning, you can deduct some vacation expenses under business travel. This is common practice is especially popular in the corporate world. Ever wondered why management meetings, corporate strategic meetings, or client entertainment are done in extravagant and lavish hotels?

You need to be careful when deducting the vacation/”business” expenses to ensure that you are within the rules of what the IRS qualifies as permissible costs. Furthermore, besides business travel, you can also deduct expenses for travel that couples as trips in looking for a job. These tips will help you properly plan your trip and maximize on possible “business” deductions:

Job Hunt Travel Expenses

The tax code allows for individuals to deduct travel expenses for travel to look for employment, even if one does not consequently get a job. However, you need to have been searching for a job that is in line with your current occupation. You cannot claim deductions if you are a first-time job searcher or if you are looking for a job outside your current career field. The IRS does not also allow taxpayers to deduct expenses if they have been unemployed for a long time and are looking to get back into the job market, even if their search for a job is within his or her former business or career specialty. The IRS permits deductions for expenses including travel, meals, and lodging accommodations. Therefore, when planning your vacation, you can combine the travel expenses with the expenses accumulated in search of new employment to claim the deductions.

Transportation Costs for Business Travel

Business travel deductions come with several rules that have to be carefully followed. The IRS is aware that a lot of business expenses can be misused to cater to personal expenses. Therefore, this could be a red flag area for IRS audits and therefore, you need to be careful when claiming such deductions. Costs for transportation within the U.S. are allowed if a trip has a business purpose. For international travel, a taxpayer will need to demonstrate that at least 75% of the trip’s purpose was for business to have the costs allowed as a deductible. If not, the taxpayer will need to set aside the business elements of the travel costs from the personal elements. If business travel is on a cruise, then it has to be on a U.S. vessel and the vessel must avoid docking at foreign harbors to be tax deductible. The business expense deductible for a cruise has at a cap of $2,000.00 a year.

Accommodation and Meals for Business Travel

For accommodation and meals, one needs to show that the stay was business-driven. However, you can overstay in your travel destination and enjoy a vacation after the business dealings are done. In such a case, you can only deduct the transport expenses and the expenses incurred during the business period of your trip. You will have to shoulder the full expenses of the extension time, as this is a personal expense. For business meals for yourself and your business associates, the tax code allows for only 50% of the cost to be deductible (you will need to foot the other 50% without a deduction break).

Other Expenses

The IRS also allows the deduction of any other business-related expenses while on your business travel. These expenses include tips, any taxi or car hiring expenses, phone calls, Internet connectivity charges, and laundry. However, the expenses need to be reasonable to avoid unnecessary audits. Furthermore, the IRS can reject deduction claims based on the levels of extravagance. There is a fine balancing that needs to be practiced here to avoid any IRS problems.

Travel with Family

If your business and vacation travel includes your family, you cannot deduct any of the expenses relating only to your family. You can however, deduct any costs that you shared with your family as business expenses. If for example you traveled to your destination for business in your car with your family in tow, then the transport will be an allowable business expense. You can also combine other costs such as car-hire costs and shared accommodations.

Why not combine business with pleasure? If you have the opportunity to travel for business, you can enjoy some new restaurants, hotels, or entertainment spots with your business associates and be able to get some tax relief from Uncle Sam. Or, maybe you can take some “personal time” on the road and do some job hunting on your trip to get some tax breaks.

In this work driven world, people are goal-oriented and often financially driven; and sometimes people take for granted the importance of physical safety. Insurance makes security tangible. The insurance industry has delved its hands into various aspects of life, securing animals to kids to education to cars. You name it, insurance can secure it. Insurance has become so important in our everyday life that it’s now considered an imperative need.

The largest group of insurance companies are engaged in the travel insurance business. These insurance companies typically offer specialised policies to business travellers. The policies cover risks associated with international or domestic travel which include accidents, deaths, trip cancellations, lost tickets, damage to properties like car rentals and other concerns related to travelling. Procuring this type of insurance is important because it provides security not only to the traveller but also the employer.

Business travellers, especially those travelling internationally, are people on the go. Their employers are potential policy holders. Business travellers are exposed to more risks. The risk covered by the corporate travel insurance is unique to the business the traveller represents. For example, a business traveller working as a car dealer meets an accident while on a Cessna plane can be compensated by a travel insurance covering the risks of medical expenses while working on the job. In getting a corporate travel insurance policy, it is important to tailor the policy in order to cover all the risks that the business traveller is exposed to in relation to the work he’s involved in. Equity dictates that tailored fit policies are necessary for the safety and security of both the employer and the business travellers because of the basic reason that their travels are considered work; it is but a natural obligation for the employers to compensate and insure them.

Corporate travel insurance differs from the usual holidaymaker insurance because it cover more risks and could be specialised in accordance to the type of business the business traveller represents. For example, if the business traveller is working for mining company, the travel insurance policy can include accidents met while visiting a mining site. Because of this specialisation feature, the premium paid for these corporate travel insurance is higher than the usual travel insurance.

A tailored corporate insurance policy is being offered by various insurance companies. One of the most comprehensive policies is the group business travel insurance. For this type of insurance, it is important that the insured or the policy holder is the employer and the beneficiaries are the employees or group members. As to the requirements, each insurance policy provides for different requirements; basically if the employer can pay the premium and the insurance company is willing to cover the risk then a tailored group business insurance policy can be issued.

People work to earn a living. Often than not their work is the cause of their injuries. It is important for employers as well to prevent lawsuits filed by employees they send for travel. The best and equitable solution is to procure corporate travel insurance.

If you travel regularly on business, you should always carry a business travel insurance policy. This is essentially just a insurance policy for traveling that is customized to the needs of the business traveler. Nearly all of these insurance policies for business travelers will include coverage of any travel arrangements, luggage loss, and rental car accidents.

While it is possible to purchase a policy that will cover a single trip, for regular business travels, annual business travel insurance policies are typically a better deal. Insurance plans for business travel are usually cheaper than regular insurance plans, depending on coverage needs. It is also cheaper to purchase domestic business travel insurance plans than insurance coverage for international business travels.

Typically policies for business travels will include up to $50,000 in benefits whether it is a one-time policy or an annual policy. But regular insurance plans often caps coverage at $25,000.

Luggage coverage goes beyond just checked luggage. It also covers laptops, cell phones, pagers, projectors, and any other equipment the business traveler typically carries.

If the trip gets interrupted by bad weather or mechanical problems the business policy holder can cancel the trip and be reimbursed for the cost of the trip.

This plan also includes trip cancellation insurance which is much like regular travel insurance’s trip interruption coverage. However, business policies usually include more coverage, such as allowing for changes in accommodations to complete the trip.

Funds are provided for anything lost on the trip. This can be very important if passports or tickets are lost during the trip.

You may also be able to get some legal services in case of accusations of crime by you or crime committed against you. Generally luggage or equipment that is stolen is covered. In some cases even kidnapping ransoms will be replaced by your business insurance policy.

One of the coverage benefits you’ll want to look for in your coverage is medical expenses. You’ll want to know for sure whether all medical expenses are covered or just accidents and emergencies. In particular, find out what kind of coverage is provided for illness. Many travel medical insurance policies cover emergency evacuations, but many do not cover other medical expenses. You’ll have to decide how much medical coverage you need.

Fortunately, even with all of the available coverage options, business travel insurance is generally quite affordable. Some other features that may be included with your business insurance plan include road side assistance and life insurance.

Business travel has become so common that a considerable proportion of the corporate world of America is spending more time in airplanes and hotels than on their couches or in their automobiles.

According to a recent estimate, about 40 million adults in the US travel on business at least once a year to a location about 50 miles from home. More than 20 percent of the trips made by African Americans, for instance, are related to their work.

Those who do not need to travel frequently on business consider business travel glamorous and exciting. However, in reality, business travel is often arduous.

It is tough physically, tough on the family, and especially tough on the pockets of businesspersons who do not have the luxury of generous expense accounts to take care of their travel expenses.

In addition, those who travel on business regularly, quickly wise up to the fact that a stress-free and safe journey requires the smooth functioning of a number of interconnected factors, which includes the vagaries of the weather.

According to a study conducted recently, monitoring business travel trends:

– 58 percent of business travel is undertaken for association meetings and conferences,

– 43 percent comprising of business travel made by individuals,

– and 29 percent for corporate meetings.

The study also identified some of the most popular destinations within the US for business travel. They are:

– Washington, D.C.,

– New York,

– Los Angeles/Long Beach,

– Chicago,

– Atlanta,

– Boston,

– Houston,

– Minneapolis-St. Paul,

– Detroit,

– and Dallas.

Irrespective of what the destination is, business travel is seldom an enjoyable experience. Some companies will allow their business travelers the opportunity to enjoy their travel surroundings but this is usually short lived depending on the demands of the trip.

Business travelers, who have to make frequent trips, need special facilities to ease the hassles of traveling. Airlines and hotels are increasing the levels of services they provide in order to meet the growing demands of business travelers:

Usually, business travelers research fares on their own and make their reservations online. According to a survey, it was found that only 32 percent of corporate travelers used the services of travel agents for their reservation needs, while the rest, 68 percent, preferred using the internet or online services to plan at least some part of their business traveling arrangements.

Business travelers are usually technologically conversant; hence, choose to handle all their traveling arrangements through the Internet, limiting the necessity of having to interact with travel agents and professionals dealing with customer service.

Most tourism related sites offer one-stop travel facilities for reservations of flights, booking rooms in hotels, and providing transportation on the ground.

Major airlines like Delta and American have included travel-friendly features like locating cheap fares, finding economical hotel accommodation, and hiring cars on a rental basis inexpensively on their websites.

Travelers, thus, can make arrangements for an entire business trip, which includes seating preferences, confirming special food requests, and a text message or e-mail verifying their flight status and information about the departure timings with a few clicks of the mouse button.
Most of these sites provide boarding passes that can be printed out and online check-ins within 24 hours of the departure of the flight.

At the airport, those travelers in a hurry can take advantage of check-in kiosks in order not to have to wait in long lines, and get their boarding passes and their seating information.

Frequent Flyer Miles, Automatic Upgrades, and Comfortable Seating:

One of the biggest perks of traveling frequently on business is the facility of accumulating points, which can be exchanged for vacations. Travelers, therefore, are always on the look out for hotels offering generous points facilities.

Frequent air travelers also favor automatic upgrades and comfort inside the airplane, such as generous legroom and additional storage facilities overhead. Business traveler programs like EliteAccess provided by Continental Airlines offer comforts like guarantees of no-middle-seat and upgrades to the first class if possible.

Getting Value for Money:

Companies are constantly curtailing overhead expenses by cutting down on the travel allowances they give their executives, while business travelers look for ways in which they can maximize their allowances to the fullest.

For example, several hotels offer free breakfasts, while others provide complimentary facilities such as a welcoming snack or allowing their guests to make free long distance and local calls. Many hotels also offer free newspapers, tea and coffee.

Feeling at Home Far Away from Home:

Business travelers are so frequently away from home that they look for services that replicate their home comforts.

Although hotels are selected primarily for value and location, but business travelers expect home-like comforts like high quality toiletries, comfortable bedding, choices in beverages, cable TV and films, broadband internet access, exercise and convenient check-in/out facilities, and so on.

Travel help from business travel experts is as good as meeting a business tycoon for management tips. Learning from them will bring smoothness in your trip.

In today’s working world, business operations have become more global. There are many business travel opportunities for the newly hired or promoted employee. While grabbing these travel opportunities a must, first time business travellers like you should travel smarter.

Sort Things Out
For first timers, it is best to be aware that you have two major classifications of the things that you will be bringing. One is your work-related things and the other one is your personal stuff.

Therefore, while choosing a light carryon luggage, it is also suggested that it is multi pocketed so you can enjoy more spaces.

Be Organized
In order to have an organized business travel, create a travel checklist of the work-related things that you need like your laptop, flash drive, printed reports on folders, brochures, calculators and the like. This will protect you from forgetting important or urgent tasks that your boss asked from you.

Make sure that you brought a good number of your business cards. Businesses can start with your plane mate or some other people you have bumped in the airport lobby.

Also check the lifespan of the batteries of your communication device so you won’t miss any important office correspondences and instructions.

Be Budget Conscious
If your office allows you to take care of your own transportation and reservation as part of your per diem during your business travel, the internet is your tool to check online for the best flight and hotel deals in Europe or Asia available.

Look for package deals, promo flights, and reasonably-priced business hotels or even nearby hostels. Tips would be to ask if the published rates are inclusive of applicable taxes. Also ask for the rates of late check-ins so you can include it in your travel budget.

Always Be Prepared
For your personal belongings particularly your clothing, it is best that you have brought clothes with business colors and shades like black, dark blue, brown, white and gray. This will allow you to be flexible in doing some mix and match so you maintain your being presentable as well.

In the business world, there are times that first impression lasts. As first time business travellers, you may not be familiar or accustomed to the foods of your destination, it is highly recommended to have anti-histamine with you all the time. This will help you stop allergic reactions instantly in order not to disrupt or disturb your meeting schedules and appointments.

Follow Airport Rules
Your liquids, including gels, in the array of your toiletries should be in zip-lock plastics as it is mandatory in any airports. It is also best to use slip-on shoes going to the airport so it would not be time consuming for you to untie and tie your shoelaces during security checks.

With these travel help gathered from seasoned business travellers, you will be ready for a remarkable business travel that will widen your perspective of the career you have chosen and loved. This might be the start of a series of world travel experience from work to leisure.

Anyone that travels a lot should consider travel insurance, but those that travel for business often overlook the importance of this protection. Business travel insurance is simply a good idea because it can provide you with the protection that you need whether you are traveling just a short or long distance away from home. You never know when you are going to need the protection that insurance can provide, so you should look into business travel insurance before you go on your next trip.

The great thing about business travel insurance is that the individual can purchase it or a company can purchase it. Many companies are choosing to purchase the insurance for all of their employees that travel. This is a very economical way to buy the coverage as many companies can offer bulk buy discounts. This can be a particularly good idea for companies that host a lot of conferences, meetings, team building events, training courses, product launches, and the like. Many businesses offer corporate hospitality outings and the like, and even on these fun getaways employees should be protected and business travel insurance is a great way to get that protection.

If you happen to be an employee that travels to a lot of business oriented annual general meetings, exhibitions, seminars, or conventions and you aren’t provided with business travel insurance you can buy it yourself. The coverage is not at all expensive, and you may even be able to purchase the coverage at the same time that you plan an event or plan your travel, which will make it convenient to purchase. When you purchase this protection you can go on your business travels and not worry about what would happen if you were robbed, if your luggage was lost, or if you needed medical attention in an area where your usual medical or dental insurance was not valid.

Many of us think about travel insurance when we are going on vacation or visiting exotic vacations, but this is not the only time when you need the protection that this type of insurance can provide. Business travel insurance is just as important as the insurance that you would buy when flying across the world for an exotic vacation or honeymoon because there is just as much opportunity for you to encounter health problems or circumstances that you just did not plan for. Why should you be any less equipped to handle these problems on a business trip than you would be when you are on vacation? When you leave home you should feel safe, secure, and confident in your abilities to handle any situation and with business travel insurance you can do this.

If you don’t travel often or you only travel once a year you can opt to purchase your business travel insurance for just one trip. All you have to do is disclose when you will be travelling, where you will be going, and when you will be returning. This is generally very affordable and will offer you the protection that you should have on your one trip. If you travel all the time for work you can choose to buy your business travel insurance for the whole year. While this is more expensive in the beginning, it is cheaper over the course of the year than it would be to purchase the coverage every time you go away on travel. Many times there are also different levels of coverage to choose from, so you can choose from very basic coverage to very extensive coverage, based on your needs. When you purchase the travel business insurance you may want to consider the areas that you travel to as well as what sort of coverage your other insurance coverage may provide as this information will help you determine what sort of coverage you need.

It used to be more difficult to buy travel insurance, and that is why many people simply opted not to do it. In many cases you had to go right to an insurance agent and you had to fill out a ton of paperwork, or you could go to a travel agent and do the same thing. Now, you can purchase your business travel insurance right along with your other travel needs such as but not limited to your event planning services, your car rental services, lodging, transportation, and airfare. This is very convenient and allows for those that didn’t want to bother with the coverage before because of the hassle to purchase the benefits of travel insurance. Next time you receive notice that you have to travel for your job, why not look into travel business insurance and see what protection it can offer you? It’s better to have the protection and not need it than need it and not have it!

Business travelers are constantly on the move. They always have to be in front of time in order to built contracts with other businesses and other colleagues or executives. Still, if an individual is a business person and requires an alteration in his plans, why not attempt to merge business with relaxation? To make this possible, you will need to get in touch with a travel agent.

You should contact a travel agent for planning a business trip that is void of any hassles. Make sure that business travelers will get all important information from the travel agency. They should also give them detailed information regarding business travel so that your requirements will be satisfied while traveling.

Making contact with a travel agent will ensure that you have an enjoyable business trip since you can work on your own agenda so that you can have a great time while traveling on business. Gone are the days when a person has no time for enjoyment while on a business trip. People used to be more engaged in conferences and meetings which would keep him from going on any outings. Working with a travel agent can help you put breaks in between your hectic business schedule. For example, if a person has a free afternoon, their agent can suggest an area that they must see in the city which you would take pleasure in.

Working with a travel agent also saves time as they can arrange for special car service. Having a car is a big benefit for business travelers who have to go from one place to another, as well as for those who do not want to go through the disturbance of using public transportation or taxi cabs. If an individual has his own car and driver, then it is easy for them to manage business more capably. However, for those who wish to rent a vehicle, they can ask their travel agent to organize this for them. Businessmen can also ask for vehicles with GPS systems so that they will not get lost. These can all be prearranged by travel agents for their ease and satisfaction.

Also, if people are bored with the common room service or hotel restaurant food, they can ask their agent for ideas regarding the best place to have dinner and a few drinks in the city where they plan to visit. If you are unhappy with the customary business hotels where you would generally stay, travel agents can find other lodgings that are as classy but would have a different atmosphere.

Receiving help from a travel agent is a wise choice that every businessman should look into, mostly if they would like to inject some enthusiasm into their customary business tours. And it’s rightly said that, all work and no play makes you a dull person!

Do you do a lot of traveling? Whether you travel for pleasure or for business this article may be able to benefit you greatly. There are some things you should keep up on if you are an avid traveler. One of the things, which can help you keep up to date on a lot of information, is a business traveler’s guide. In this article we will tell you what the business travelers guide is and why you should never leave home without it.

A business travelers guide will keep you informed on airlines and what is going on with them. This way you are always aware of what is going on in your local airports and destination airports you are traveling to. It will tell you which airline is lowering or raising their prices.

It will also give you traveler’s tips. It may give you some things you should do and those that you should not. It may offer you helpful advice on what to do or not to do when traveling to certain cities. These offer great information and let you know what is going on at your next destination.

There may be a travel blog. It can be on different topics like travel safety for example. It may give you some tips on keeping safe during your travel experience. You can never receive enough tips on safety. There may be something there, which you never thought of.

With the travelers guide you will also be able to easily find topics you want to browse. It can be airlines, airports and/or car rentals. It can tell you about flights out of different airports. It may give you information about car rentals. So you can find the best place to rent a car. There are always helpful and instructive topics to choose from.

There may be different articles to read on different topics concerning traveling. These can be on a wide array of topics. For example there could be one on ‘How to save room when packing’. Or ‘Green Travel Tips’.

There can be videos for you to watch also. One video example might be, ‘How to avoid Jet Lag’. Another one they could have would be, ‘Tips for traveling with a laptop’.

There are many sites, which you can go too and read a traveler’s business guide. If you type it in several options will come up. Places like biz-Journals and WHY Go business travels can easily be found. There is also a business traveler’s guide in places like the newspaper. The New York Times has one and a lot of other papers do as well.

If you are an avid business traveler or even one who travels for pleasure, the business traveler’s guide will be an advantage for you. It will keep you informed about a lot of your traveling needs. It will also help you find some great traveling deals. It can tell you how to earn points while flying. Tell you about the best hotels in the city you are traveling too. The possibilities seem to be endless.

If you have never checked out these business guides, I would advise you to do so before you take your next trip.

Those who run a business often have to travel a lot. If you are one of them, make sure you obtain a suitable business travel insurance policy to provide protection to your money that you pay for traveling expenses. However, besides covering travel expenses, you may also get certain other types of coverage, such as problems with hotel accommodation in a small city and other such things. Therefore, it is important for you to research your needs thoroughly and look into each and every aspect while you are shopping for the best plan.

Amount Of Coverage
The amount of coverage must be sufficient enough to protect your money. It should neither be too high or too low. For example, if you are running a small business, a business travel insurance policy with excessive coverage may not make sense for you. Besides that, you also need keep in mind that the more coverage you opt for, the higher premiums you will have to pay.

Things To Consider While Talking To An Agent
While you are talking to an insurance agent, you must provide complete details about your business plan and financial statements. This will make it easy for the agent to suggest the most suitable plan for you. As compared to individual plans, business plans carry much larger amounts of risk. Therefore, you do an accurate assessment of your financial situation.

Comprehensive Coverage
There are several benefits of buying comprehensive coverage in a business travel insurance policy. For example, your insurance company may offer discounted individual auto and health insurance plans for your employees.

Travel Route
If you have a regular travel route, you can easily find a good bargain on your policy. The insurance company may offer you a very low rate if you have representatives or offices at the places you frequently visit.

Liability Coverage
You should pay special attention to the liability coverage also. Make sure that the plan you have chosen provides optimum protection to your business as well as individual assets while you are away on a business trip. It is always wise to protect your long-term finances by opting for high financial thresholds for life insurance, medical coverage, and rental car collision.

Travel Interruption Coverage
What if you travel gets interrupted because of some reasons? Your business travel insurance policy must protect your money in such circumstances. For that, you will need travel interruption coverage. With this coverage, you will be able to travel in alternative means of transport without needing to pay additionally for the same. Some companies however require you to pay the expenses out of your pocket first and then submit a claim – the amount will be reimbursed to your account. But, most companies have contracts with several airlines and other forms of transports – so, you wont actually have to pay anything from your pocket.

Do your managers and other employees also have to travel for your business? If so, you had better consider a business travel insurance policy that provides sufficient amount of coverage to all those travelers.

Up until the break of the new millennium, business travel has always seemed to be more of a burden of business expenses and earnings. The only upside is the huge tax deductions for small businesses. Even at present times, it doesn’t seem to matter who your company’s personal travel agent, travel vendor, or online travel website is that you use for travel, it’s still expensive.

Next to customer fulfillment and office supply expenses, travel expenses are major. However, every since the recent recession that the entire U.S. has collapse into, new and great innovations of the 21century has finally change the way corporate America travels.

Now CEOs and savvy business owners that travel frequently discovered a rich business travel success. A travel success that only the few and profound has been using since 2001.

That’s right. The chosen few that have found this hidden secret are calling it the “Small business and corporate travel bail out plan through travel.” Plus. It’s quite simple…

Book a flight, get paid for it, book a hotel, get paid for it, car rentals, condos, and anything affiliated with business travel, your company gets a large percentage of the travel commission earned back into the business. I’m talking “cold hard Cash.” Not some travel points or rewards cards either. Your membership puts your business in profit instantly!

Your business now generates income from every employee, executive and anyone who books travel from the company. Plus, your company travel is still a write-off, how cool is that.

With this newly innovative business travel revenue and revolutionary breakthrough, Expedia, Hotwire, and even your personal travel agent become useless. You’d actually lose money by using these old 20th century tactics in the 21st century.

These are one of those business travel news secrets they don’t want you to know about until they “milk the cow dry.” Well now you know.

So while companies are easily losing thousands from travel expenses, you can be massively earning thousands from your own travel expenses, off every trip.

It’s been around since 2001, but because of it’s none mainstream media influence, only the savvy and smart business travelers have adopted this business travel model into their income streams. And boy is it revenue generator. I’m talking profits, earnings, positive cash flow, you name it.

One of the biggest names thus far that quickly adapted this new corporate travel innovation is NFL’s Kansas City Chief football team. They’re faithful members because the business model makes common since, “if you use travel for business why not make a profit from it.”

So if your company struggles to earn profit in this troubled economy while still taking flight after flight to increase revenue, easily step up your game and increase earnings to be among the elite business owners that use this new income stream everyday. You may just meet your quarterly goals with this revenue generator alone.